International Banking Act


Also found in: Dictionary, Encyclopedia.

International Banking Act

Legislation in the United States, passed in 1978, that requires American branches of foreign banks to abide by the same regulations as U.S. banks. While this increases regulation by mandating capital adequacy requirements and so forth, it provides FDIC insurance to foreign banks.
References in periodicals archive ?
The Effects of the International Banking Act on Domestic Bank Profitability and Risk, Journal of Money, Credit and Banking, 17: 493-506.
Valuation Effects of the International Banking Act, Journal of Money, Credit, and Banking, 23:110-119.
The amended International Banking Act has now placed Vanuatu's international and offshore banks under the supervision of the Reserve Bank of Vanuatu.
This year, in addition to the installation of the new Board of Directors, FIBA will recognize Florida Representative Elaine Bloom, who was instrumental in the passage of the Florida International Banking Act of 1978.
In addition, Bancaja and New Bank must, to the extent not prohibited by applicable law, make available to the Board such information on the operations of its affiliates that the Board deems necessary to determine and enforce compliance with the BHC Act, the International Banking Act, and other applicable federal laws.
Bank"), Bogota Colombia, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (1) to establish a branch in Miami, Florida, through the conversion of its wholly owned subsidiary, Bancafe International ("Bancafe"), a corporation organized under section 25A of the Federal Reserve Act (Edge Act corporation).
Amsterdam, The Netherlands ("Bank"), a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (1) to establish a representative office in New York, New York.
Banque Transatlantique ("Bank"), Paris, France, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (1) to establish a representative office in New York, New York.
Bank"), Tokyo, Japan, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
Banco del Estado de Chile ("Bank"), Santiago, Chile, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 7(d) of the IBA (12 U.
Bank"), Mexico City, Mexico, a foreign bank within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
In approving applications under the BHC Act and the International Banking Act ("IBA"), (7) the Board previously has determined that various banks in the United Kingdom, including Barclays Bank, were subject to home country supervision on a consolidated basis.

Financial browser ?
Full browser ?